INC Research Holdings, Inc. (NASDAQ:INCR) has been assigned a $46.00 price objective by equities researchers at Robert W. Baird in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the stock. Robert W. Baird’s target price suggests a potential upside of 27.78% from the company’s previous close.
INCR has been the subject of several other reports. Credit Suisse Group decreased their price target on shares of INC Research Holdings from $68.00 to $54.00 and set an “outperform” rating for the company in a research report on Tuesday. KeyCorp reissued a “market perform” rating and set a $46.00 price target (down from $68.00) on shares of INC Research Holdings in a research report on Monday. Jefferies Group LLC reaffirmed a “buy” rating and issued a $55.00 price objective on shares of INC Research Holdings in a research report on Friday, November 10th. TheStreet raised shares of INC Research Holdings from a “c” rating to a “b-” rating in a research report on Monday, November 6th. Finally, Zacks Investment Research lowered shares of INC Research Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $56.33.
INC Research Holdings (NASDAQ INCR) opened at $36.00 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market cap of $3,584.25, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 0.90 and a beta of 1.36. INC Research Holdings has a 1 year low of $33.60 and a 1 year high of $61.10.
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In other news, CEO Alistair Macdonald sold 2,348 shares of INC Research Holdings stock in a transaction on Monday, September 18th. The stock was sold at an average price of $54.60, for a total transaction of $128,200.80. Following the transaction, the chief executive officer now owns 99,453 shares in the company, valued at approximately $5,430,133.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Gregory S. Rush sold 41,420 shares of INC Research Holdings stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $58.26, for a total value of $2,413,129.20. Following the transaction, the chief financial officer now owns 42,793 shares in the company, valued at approximately $2,493,120.18. The disclosure for this sale can be found here. Insiders sold a total of 189,493 shares of company stock worth $11,059,514 in the last three months. 0.24% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lee Thomas H Partners LP acquired a new position in INC Research Holdings in the third quarter valued at approximately $1,316,644,000. BlackRock Inc. boosted its holdings in INC Research Holdings by 40,517.6% in the first quarter. BlackRock Inc. now owns 3,544,294 shares of the company’s stock valued at $162,506,000 after purchasing an additional 3,535,568 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in INC Research Holdings in the second quarter valued at approximately $99,424,000. State Street Corp lifted its stake in INC Research Holdings by 112.8% in the second quarter. State Street Corp now owns 1,769,353 shares of the company’s stock valued at $103,508,000 after buying an additional 937,864 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in INC Research Holdings by 1,337.6% in the third quarter. Point72 Asset Management L.P. now owns 598,039 shares of the company’s stock valued at $31,277,000 after buying an additional 556,439 shares during the last quarter. 77.75% of the stock is owned by institutional investors.
INC Research Holdings Company Profile
INC Research Holdings, Inc is a global contract research organization (CRO). The Company focuses on Phase I to Phase IV clinical development services for the biopharmaceutical and medical device industries. The Company operates through two segments: Clinical Development Services and Phase I Services.
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